A convertible note financing business and its owners settled SEC charges for failing to register as a securities dealer.
News & Insights
The SEC charged a firm and its sole officer for failing to register as a dealer in connection with its "convertible notes business."
The SEC charged a broker-dealer for failing to file suspicious activity reports regarding OTC trades of low-priced securities. The SEC alleged the trades constituted a "red flag" as defined in the broker-dealer's own procedures.
The SEC, the Federal Reserve Board, the OCC, the Department of Housing and Urban Development, the FDIC and the Federal Housing Finance Agency reassessed several provisions of the Credit Risk Retention Regulation and decided not to propose any changes at this time.
Two entities and their principals settled SEC charges for the sales of unregistered oil and gas securities and material misstatements in connection with those offerings.